Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 11.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 597,847 shares of the exchange traded fund’s stock after purchasing an additional 62,351 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.13% of iShares MSCI Emerging Markets ETF worth $32,708,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ilmarinen Mutual Pension Insurance Co grew its position in iShares MSCI Emerging Markets ETF by 350.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 840,469 shares of the exchange traded fund’s stock worth $45,982,000 after purchasing an additional 653,796 shares during the period. Savant Capital LLC grew its position in iShares MSCI Emerging Markets ETF by 1.8% during the 4th quarter. Savant Capital LLC now owns 97,985 shares of the exchange traded fund’s stock worth $5,361,000 after purchasing an additional 1,772 shares during the period. Moors & Cabot Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth about $200,000. Novak & Powell Financial Services Inc. grew its position in iShares MSCI Emerging Markets ETF by 85.7% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 9,329 shares of the exchange traded fund’s stock worth $565,000 after purchasing an additional 4,304 shares during the period. Finally, Baker Avenue Asset Management LP grew its position in iShares MSCI Emerging Markets ETF by 1,321.1% during the 4th quarter. Baker Avenue Asset Management LP now owns 93,227 shares of the exchange traded fund’s stock worth $5,100,000 after purchasing an additional 86,667 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Down 0.0%
NYSEARCA:EEM opened at $68.60 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $45.23 and a 52 week high of $69.11. The stock has a market capitalization of $30.38 billion, a PE ratio of 14.46 and a beta of 0.71. The stock’s 50-day moving average price is $62.40 and its 200-day moving average price is $59.01.
About iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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